Five Sectors Contributing the Most in Investing in North Sumatra

Five Sectors Contributing the Most in Investing in North Sumatra

By: Antara

23 July 2020 07:15 AM

Medan: The electricity, gas and water, housing, mining, food, service, metal and plantation industries contributed the most to foreign direct investment (FDI) and domestic direct investment (DDI) in North Sumatra in the first quarter of 2020.

"These five sectors always provide the biggest investment contribution in North Sumatra, both FDI and DDI," said Acting Head of the One Stop Integrated Investment Department (DPMPTSP) of North Sumatra Province Mr. Arief S Trinugroho, quoted from Antara, Wednesday, June 17, 2020.

North Sumatra's investment in the first quarter of 2020 reached IDR9,185 trillion with foreign direct investment (FDI) was IDR5,219 trillion and domestic direct investment (DDI) was IDR3,966 trillion.

According to him, the largest foreign direct investment was in South Tapanuli Regency amounted to IDR4,984 trillion, followed by Medan City with IDR130,320 billion and Labuhanbatu IDR54.277 billion.

Meanwhile, the largest domestic direct investment was in Medan of IDR2,490 trillion, Labuhanbatu Regency was IDR590,249 billion and South Tapanuli was IDR370,328 billion.

Arief said, in the second quarter time investment will disruption because of covid-19 pandemic that occurred globally. "It is hoped that investment in North Sumatra can recover again in a new normal, so that the investment target of North Sumatra in 2020 which set by the Investment Coordinating Board (BKPM) of IDR46 trillion has been reached. Because there the investment target has increased by IDR13 trillion from the target of 2019 which amounted to IDR33 trillion.

Source: Click here

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